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Aston Martin has always been exclusive. There's nearly always a waiting list. They just can't make it profitable. That's why they IPO'd. To dump the debt on Joe Public. This'll end up private again. Stroll knows what he's doing and it won't be to protect small investors.
I remember thinking a number of times when seeing JR's posts that being in the same share as him can't possibly be a good thing. Too much about his posting made me think he was living in dream land and couldn't stop himself. It's actually quite comical that after a horrific 18 months in SXX he dives straight into another punt.
It feels fantastic to step away, but at least a bit of time on these BB's teaches you whose posts and strategies are worth ignoring. A newbie doesn't have that luxury.
What if the offer doesn't come in? If it does, what if it's for less? Too many people on here that appear to be banking on the offer price as a last resort. I took the sharp rise to 5.5p+ yesterday as a gift. There are absolutely no certainties the offer is coming.
Good luck all.
TDT, that's how I see it today. Got out at the offer price. Something tells me holding on will result in further bad news.
Of Course it matters. There is one particular outcome of this election that could seriously affect investment and confidence in the economy and markets. That would absolutely have an impact on SXX and the deal we may have lined up or hope to get.
Tomorrow could be a bright new day. Fingers crossed.
Chrisatbirdies
It isn't, but it could guarantee stability and a plan of action going forward. The money markets will appreciate that, which can only be good news for our funding hopes.
I'm convinced any ongoing negotiations are linked to Brexit and the election result. If we have a positive outcome on Thursday I'm optimistic we'll see news announced shortly afterwards and before Christmas.
Hopoethebest - My hunch is it could land anytime, but that the GE result will play a significant role in what type of news we get and when.
Sounds like you've got the markets all figured out, Hopoethebest. Volumes will be low on the run up to Easter too because we're all thinking about the yummy yummy chocolate we're going to be eating.
Is it time to get the car brochures back out?!
Where did you bring them from?
The country needs some stability and definite direction. Over a decade of uncertainty thanks to the financial crisis and then the almighty ****-up of offering a vote on Brexit. Any government would struggle when you have that as a back drop.
We need a significant majority in parliament and I hope this election can deliver it. A Conservative win looks the best route to getting the country back on track.
IMO, obviously.
It's a gamble for everyone. As you say, not enough positive news to argue a recovery at the moment. 90% down and my remaining 10% is backing the recovery. Don't care if I lose it.
5p will be seen again easily if the right funding news arrives. There might be pressure from the 2/3p gang selling, but there'll be loads of money coming back in on the back of positive news.
Fear is a pretty easy play at the moment.
When saying "be greedy when others are fearful" Warren Buffett wasn't referring to companies in SXX's current predicament. He wouldn't touch a company like Sirius until it was producing and earning. A value investor, rather than a speculator.
Worried you from the start, yet you were topping up monthly up until recently. You haven't a clue what you're doing.
You'll come back stronger and you have to take risks to know what's at stake. I don't regret my decision to buy and hold and I'll continue to hold. I'd rather lose the lot and learn from it than see SXX rise from the ashes with me on the sidelines. The way I look at it now is that if good news does come and the sp rebounds I've got plenty of room to average down on the way back up. Needs very good news though.
Other than Index Funds this is the only share I now hold in my ISA and my views on it certainly aren't strong. I've taken a huge risk and I'm fully aware of the possible consequences. I have a strategy and was up for the challenge. I can live with it if it all goes wrong. Having 5% of my portfolio in SXX wouldn't amount to a huge amount. Spreading risk in many shares isn't always a winner. There's a lot of excitement to be had in taking a risk and plenty to learn. life is quite boring without a bit of risk.
We're all different.